Global demand expected to remain soft in Q2

Commenting on the trade figures that had been released by the Statistics Department, Maybank Research said that shipments to most key export destinations were down with the exception of the Asean region which grew 3% year-on-year (y-o-y) and South Korea 11.8% y-o-y.

PETALING JAYA: Demand for goods will still be soft in the second quarter despite the gradual reopening of economies around the world from the lockdowns that have been imposed by various governments.

Maybank Research said final demand from global economies would be impacted from the new normal of social distancing and preventive health measures that would result in patchy economic activities.